The Companies Act 2017 Bare Act by Salman Mansoor

The Companies Act 2017 – Bare Act

📘 Latest Edition – Updated with Amendments

🔹 Act Name: The Companies Act, 2017
🔹 Type: Bare Act (Legal Text)
🔹 Applicable in: Pakistan
🔹 Publisher: MANSOOR BOOK HOUSE
🔹 Language: English

The Companies Act, 2017 is the primary legislation governing the formation, regulation, and management of companies in Pakistan. This Act replaced the Companies Ordinance, 1984, bringing modern corporate governance principles and regulatory frameworks in line with international best practices.

This Bare Act provides the complete text of the law, including all sections, schedules, and recent amendments, making it an essential resource for law students, legal practitioners, corporate professionals, and business owners.

Key Features of the Act:

✅ Formation & Registration of Companies

• Defines types of companies (Private, Public, Limited by Shares/Guarantee, etc.).
• Procedures for incorporation & registration under SECP.

✅ Corporate Governance & Compliance

• Duties & responsibilities of directors, auditors, and company secretaries.
• Annual filings, disclosures, and reporting requirements.

✅ Shareholding & Capital Regulations

• Rules for issuance, transfer, and buyback of shares.
• Investor protection laws.

✅ Financial Reporting & Audit Requirements

• Mandatory financial disclosures and audit regulations.

✅ Mergers, Acquisitions & Liquidation

• Procedures for mergers, demergers, and winding-up of companies.
• Protection of shareholders’ rights.

✅ Penalties & Offenses

• Defines corporate frauds, misrepresentation, and penalties for violations.

✅ Compliance with SECP & Other Authorities

• Regulatory framework under the Securities and Exchange Commission of Pakistan (SECP).
• Investor protection & dispute resolution mechanisms.

Who Should Read This Act?

✔️ Law Students & Legal Practitioners – Essential for LLB, LLM, and corporate law professionals.
✔️ Business Owners & Entrepreneurs – Understands legal responsibilities & company structures.
✔️ Company Directors & Secretaries – Ensures corporate governance compliance.
✔️ Auditors & Financial Experts – Covers financial reporting & auditing requirements.
✔️ Regulatory Professionals – Helps in SECP compliance & regulatory procedures.

Why is this Act Important?

📘 Legal Compliance: Every company in Pakistan must follow this law.
📘 Covers All Business Types: Private, Public, Listed, Limited by Shares/Guarantee, Foreign Companies.
📘 Updated with Amendments: Latest legal framework for corporate regulation.
📘 Essential for Exams & Business Operations: Useful for law exams, corporate governance, and business compliance.